After the acquisition closes, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating a refreshment beverage company and a global coffee company.
The potential acquisition comes as part of the company's strategic growth plan to further invest in specialty ingredient capabilities and diversify its portfolio of solutions.
The company has already invested $240 million in a Nature’s Bakery facility in Utah, as well as $450 million in a Royal Canin dry pet food facility in Ohio.
The company says it continues to evolve its business strategy, offer valuable upskilling programs and provide team members with long-term wealth-building opportunities.
Gardenia blue is the fourth color derived from natural sources approved by the FDA for use in foods as part of its aim to phase out the use of petroleum-based dyes.
The acquisition includes the manufacturing, marketing and distribution of WK Kellogg Co's portfolio of breakfast cereals across the United States, Canada and the Caribbean.
The proposed $36 billion acquisition has received all but one of 28 required regulatory clearances. Antitrust review by the European Commission is ongoing.
The company says 90% of its products don’t contain FD&C colors, but for those that do, they will work to remove or replace FD&C colors by the end of 2027.
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